Post Utme Bells University 2023 Accounting Question 5

Practice objective / multiple choice question 5 from the 2023 Post Utme Bells University Accounting examination.

Post Utme Bells University 2023 Accounting Objective / Multiple Choice
Question 5 POST_UTME_BELLS_UNIVERSITY • 2023 • ACCOUNTING • objective

A government agency is responsible for collecting taxes and distributing them among various departments. The agency's budget for the year is as follows: Revenue Taxes ₦100,000 Fines ₦20,000 Total ₦120,000 Expenditure Department A ₦30,000 Department B ₦40,000 Department C ₦50,000 Total ₦120,000 What is the balance of the agency's budget?

Answer Options

Correct Answer A. ₦0
B. ₦10,000
C. ₦20,000
D. ₦30,000
Correct Answer
A
Correct Option:
₦0

About This Question

This is Post Utme Bells University 2023 Accounting Question 5. It is one of the objective questions from the 2023 Post Utme Bells University Accounting examination.

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